Kenya exchanges $150 for British pounds(£). Suppose the conversion rate is £1 = $1.60. How many pounds should she receive?
2 answers:
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Bart company charges a lower rate. It is lower by rate $ 0.5 per hour
<h3><u>Solution:</u></h3>Given that Ace bike rentals rents bikes for $28 per day. Renters can keep the bike for 8 hours
Also given that Bart's bikes rents bikes for $30 per day. Renters can keep the bike for 10 hours
To find: company that charges lower rate
Let us find the hourly rate of Ace and Bart
<em><u>Hourly rate of Ace company:</u></em>
Rental price = $28
total time in a day 8 hours
So the hourly rate of Ace company is $ 3.5 per hour
<em><u>Hourly rate of Bart company:</u></em>
Rental price = $ 30
total time in a day 10 hours
So the hourly rate of Bart company is $ 3 per hour
<em><u>Comparing hourly rate of both companies</u></em>
Ace company is $ 3.5 per hour
Bart company is $ 3 per hour
Bart company < Ace company
3 < 3.5
Thus bart company charges a lower rate
<h3><em><u>How much lower?</u></em></h3>hourly rate of Ace company - hourly rate of Bart company = 3.5 - 3 = 0.5
So, it is lower by rate $0.5 per hour